Home | Hegemony | Archives | Blogroll | Resume | Links | RSS Feed | subscribe by email    

Flagrancy

to Reason

 

blog roll


    warrantless omniscience..., 2009-03-20 16:06:19 | Main | due diligence..., 2009-03-22 09:57:03

    the zombie banking apocalypse is nigh:

    The Obama administration is going to shift a trillion dollars in junk bonds from the banks' books to ours with non-recourse loans provided by the FDIC to leverage up some hedge funds 33 to 1. That ought to add many hundreds of billions more to the national debt after everybody has walked away from the loans and the mortgages backing them. It's also a massive incentive for more of the same disastrous banking practices.

    Since when could the FDIC originate loans, let alone non-recourse debt?

    What in the world is the FDIC going to do with all those homes?


:: posted by buermann @ 2009-03-21 10:04:30 CST | link





    go ahead, express that vague notion
    Name:
    Email:
    Homepage:
    Comment

    your turing test:

journals, notes,
and
other curmudgeonry

Enforcing
American
Hegemony
- A Timeline -

Oil for Nothing:
US Holds On Humanitarian Supplies
Iraq: 1997-2001


the good book
and other cultural
artifacts


The Autobiography
of
Mother Jones


Contact Info:
buermann[at]
flagrancy[dot]net



"Any man who is not a radical at 20 has no heart. A man who is not a cynic at 50 has no mind."